Issue Overview & Legislative Proposal:
$30 Billion Clean Energy Revolving Loan Fund
Investments for Manufacturing Progress and Clean Technology (IMPACT) Act |
Issue Brief:
Senator Sherrod Brown (OH) has introduced the IMPACT Act which would help to create clean energy jobs by supporting small and medium manufacturers' transition to the clean energy economy. A total of $30 billion would be distributed to states to establish revolving loan funds to assist small and medium-sized firms in retooling, expanding or establishing domestic clean energy manufacturing operations, and in becoming more energy efficient.
The Hollings Manufacturing Extension Partnership (MEP), a division of the Department of Commerce's National Institute of Standards and Technology, would also receive $1.5 billion in federal funds over five years to help manufacturers access clean energy markets and adopt innovative, energy-efficient manufacturing technologies.
CDFA fully supports the IMPACT Act and is working to build broad based support in the Senate and House.
Legislative Proposal:
Resources: